You can make transfers from a deposit account to another deposit or loan account, including deposit accounts on overdraft balance.
Navigate to the active deposit accounts:
Select the member
Choose the specific deposit account account belonging to the guarantor where you wish to repay the loan from:
Click on the “transfer” button on the right menu side
In the “To” field select whether the transfer is to the same member or a different member account. If it’s a different member, choose the option “Another client” (If it was to the same member you would choose the member’s name)
Choose the member’s name who you wish to repay a loan to in the “To client” field (you can search by either member number, member ID, member name)
Choose the recipient’s member account to receive the amount (can be either a savings or a loans account) and enter the amount.
Add any optional notes for the reason for the fund transfer. Then click on the “Make transfer” button
The above process is similar for:
Repaying a loan from a member’s own savings account
Transferring an amount from a member’s savings account to another savings account belonging to the same member or a different member